NASDAQ:MRVL - Marvell Technology Group Stock Price, News, Headlines & Rumors

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group announced a quarterly dividend on Thursday, June 28th. Investors of record on Monday, July 9th will be paid a dividend of $0.06 per share on Tuesday, July 31st. This represents a $0.24 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, July 6th. View Marvell Technology Group's Dividend History.

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its quarterly earnings results on Thursday, May, 31st. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.31 by $0.01. The semiconductor company earned $604.63 million during the quarter, compared to analysts' expectations of $601.85 million. Marvell Technology Group had a net margin of 22.24% and a return on equity of 13.84%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, September, 6th 2018. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group updated its second quarter earnings guidance on Thursday, May, 31st. The company provided EPS guidance of $0.32-0.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.33. The company issued revenue guidance of $600-630 million, compared to the consensus revenue estimate of $621.00 million.

25 brokers have issued 12-month price objectives for Marvell Technology Group's shares. Their predictions range from $13.00 to $33.00. On average, they expect Marvell Technology Group's stock price to reach $26.0217 in the next twelve months. This suggests a possible upside of 29.5% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

Marvell Technology Group saw a decline in short interest in the month of July. As of July 31st, there was short interest totalling 14,576,934 shares, a decline of 35.7% from the July 13th total of 22,657,153 shares. Based on an average daily volume of 8,334,015 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.3% of the company's shares are sold short. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), Kyocera (KYO), Advanced Micro Devices (AMD), STMicroelectronics (STM), Xilinx (XLNX), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), Qorvo (QRVO), ASE INDL HLDG C/S (ASX), ON Semiconductor (ON) and IPG Photonics (IPGP).

Press coverage about MRVL stock has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marvell Technology Group earned a media and rumor sentiment score of 0.12 on Accern's scale. They also assigned headlines about the semiconductor company an impact score of 46.64 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for Marvell Technology Group.

Marvell Technology Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (11.13%), BlackRock Inc. (4.83%), Standard Life Aberdeen plc (2.86%), Boston Partners (2.43%), Epoch Investment Partners Inc. (2.39%) and Bank of New York Mellon Corp (1.32%). Company insiders that own Marvell Technology Group stock include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Epoch Investment Partners Inc., Ivory Investment Management LLC, Point72 Asset Management L.P., OppenheimerFunds Inc., Canada Pension Plan Investment Board, Teacher Retirement System of Texas and Wedge Capital Management L L P NC. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Standard Life Aberdeen plc, Frontier Capital Management Co. LLC, Sumitomo Mitsui Asset Management Company LTD, Massachusetts Financial Services Co. MA, Bank of New York Mellon Corp, Millennium Management LLC and Glenmede Trust Co. NA. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $20.09.

Marvell Technology Group has a market capitalization of $10.48 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]